The Benefits of Major Sporting Events on Local, Regional and National Economies

Summary: Major sporting events, especially the Olympics, benefit local, regional and national economies because of improvements to the city's infrastructure and increased tourism and the related job growth.

Major sporting events have more important status and have a greater impact upon a wider community or geographical area than a single match. This essay is focused on the impact to the economy of some host cities in both of short and long terms. For example, the World Cup, organizing by the FIFA, which is the Sport's biggest single event every four years. The Olympic Games which involves more than a hundred countries, is also the most effective sporting event of such magnitude and it can, potentially, have a significant economic impact on the host city and, to a varying extent, on the host nation as a whole both positively and negatively. While the actual event may last for only a few weeks, preparations commence up to a decade beforehand and may entail considerable investment expenditures that can...